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Jul04

Arizona 2008 Wage Increase

When is the next time after January 01, 2008 will Arizona have a minimum wage increase?

Employers should be aware that on January 1, 2008 the Arizona minimum wage was increased to $6.90 per hour.  The next increase will be on January 1, 2009 — but no one knows how much it will be yet. That’s because the Arizona minimum wage is adjusted annual based on the cost of living.

According to the AIC website: In accordance with Arizona’s Minimum Wage Initiative, the Arizona Industrial Commission is required to adjust the state’s minimum wage annually. The specific language of the initiative found in A.R.S. §23-363 (B) states, “The minimum wage shall be increased on January 1, 2008 and on January 1 of successive years by the increase in the cost of living. The increase in the cost of living shall be measured by the percentage increase as of August of the immediately preceding year over the level as of August of the previous year of the Consumer Price Index (All Urban Consumers, U.S. City, All Items) or its successor index as published by the Department of Labor or its successor agency, with the minimum wage increase rounded to the nearest five cents.

This entry was posted on Friday, July 4th, 2008 at 7:00 am and is filed under
Compensation.
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